Lula faces tough economic task in Brazil

Luiz Inácio Lula da Silva won a surprise victory in Brazil's presidential election, but faces a difficult economic task ahead with worsening deficits and weak growth. The new president inherits deeply negative fiscal figures that are expected to deteriorate further due to campaign promises, while economic growth remains unimpressive. For Sweden, Brazil is likely to become increasingly important given the recent trade agreement between the EU and the South American nation.